PETROLEO BRASIL/ADR (NYSE:PBR) Shares Gap Up to $14.82

PETROLEO BRASIL/ADR (NYSE:PBR)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $14.91, but opened at $14.82. PETROLEO BRASIL/ADR shares last traded at $14.96, with a volume of 944,851 shares traded.

Separately, ValuEngine downgraded PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. PETROLEO BRASIL/ADR presently has a consensus rating of “Buy” and an average price target of $21.00.

The business has a fifty day moving average price of $15.16 and a 200 day moving average price of $14.85. The company has a market capitalization of $97.31 billion, a PE ratio of 10.92 and a beta of 1.35. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.87 and a current ratio of 1.10.

Several large investors have recently made changes to their positions in the stock. Investec Asset Management LTD raised its holdings in shares of PETROLEO BRASIL/ADR by 15.7% during the 4th quarter. Investec Asset Management LTD now owns 8,360,694 shares of the oil and gas exploration company’s stock valued at $133,269,000 after buying an additional 1,134,384 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of PETROLEO BRASIL/ADR by 3.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,555,530 shares of the oil and gas exploration company’s stock valued at $56,674,000 after buying an additional 108,813 shares during the period. Driehaus Capital Management LLC raised its holdings in shares of PETROLEO BRASIL/ADR by 20.5% during the 4th quarter. Driehaus Capital Management LLC now owns 2,530,470 shares of the oil and gas exploration company’s stock valued at $40,336,000 after buying an additional 430,833 shares during the period. Investec Asset Management North America Inc. raised its holdings in shares of PETROLEO BRASIL/ADR by 2.5% during the 4th quarter. Investec Asset Management North America Inc. now owns 2,370,900 shares of the oil and gas exploration company’s stock valued at $37,792,000 after buying an additional 57,178 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of PETROLEO BRASIL/ADR by 23.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,965,473 shares of the oil and gas exploration company’s stock valued at $27,733,000 after buying an additional 376,217 shares during the period. Institutional investors and hedge funds own 7.63% of the company’s stock.

PETROLEO BRASIL/ADR Company Profile (NYSE:PBR)

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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